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FEATURED COMPANIES

The pipeline safety market size is estimated to grow from USD 5.57 billion in 2016 to USD 8.67 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.3%. The growth is attributed to the increasing pipeline infrastructure all around the globe and increasing cyber-attacks on critical infrastructure. The growing number of pipeline projects in the Asia-Pacific (APAC) owing to the increasing energy needs are driving the growth of the market in the region; high technological spending in North America and Europe are also contributing to the growth of the pipeline safety market in these regions. However, lack of apprehension about security implementation by operators is restraining the pipeline safety growth.

The Supervisory Control and Data Acquisition (SCADA) for pipeline segment is expected to grow at the highest CAGR among all the technologies and solutions during the forecast period. SCADA provides a real-time solution specific to the requirements of oil and gas industry. The flexible solution is gaining traction, as it provides open interface for customization depending upon pipeline requirements.

North America is expected to account for the largest market share in 2016. The drivers responsible for the growth of the pipeline safety market in North America are stable economy, quick technological adoption, and advanced infrastructure demands. With the increasing pipeline infrastructure projects and presence of advanced technology in the U.S., the pipeline safety market is set to grow at a rapid pace in the region.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given below.

The report will help the market leaders/new entrants in the pipeline safety market in the following ways:

1. The pipeline safety report segments the market into various subsegments covering this market comprehensively. The report provides the closest approximations of the market size for the overall market and the subsegments.

2. The pipeline safety report will help in understanding the competitors better and gain more insights to strengthen one’s market position. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers, acquisitions, partnerships, and collaborations. Besides, there are company profiles of the top ten players in the pipeline safety market, where market internals that can put one ahead of the competitors have been provided.

3. The pipeline safety report also helps in understanding the overall growth of the market. It provides information on key market drivers, restraints, challenges, and opportunities.

FEATURED COMPANIES

It's forecast the pipeline safety market size will grow from USD 5.57 Billion in 2016 to USD 8.67 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 9.3%. Need for sustainable use of resources and increased spending by oil & gas companies for infrastructure and network protection are some of the key factors driving the market. The other driving forces include the expansion and up-gradation of refineries, drilling sites, and exploration.

The pipeline safety market is broadly classified into technologies and solutions, services, verticals, and regions. The technologies and solutions segment is further divided into perimeter intrusion detection, secure communication, SCADA for pipelines, pipeline monitoring solutions, and intrusion control system security. Compared to technologies and solutions, the services segment is expected to grow at a higher CAGR during the forecast period. The services in the pipeline safety market are aimed at enabling smart and coordinated decision-making processes and mitigating the risks and vulnerabilities of pipelines using efficient tools and techniques. Moreover, these services enhance risk management techniques and help to meet the end-to-end needs of all the verticals.

The Supervisory Control and Data Acquisition (SCADA) solution for pipelines is expected to grow at the highest CAGR during the forecast period, as they are specifically focused on the needs of the oil and gas industry. Moreover, pipeline monitoring solutions offer flexibility and scalability to pipeline operators, which helps them to increase operational efficiency and data bandwidth as per their requirement.

The pipeline safety market is segmented across five regions, namely, North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America, wherein detailed analysis is provided. The analysis shows that the spending on the market is increasing globally due to the increasing investment in oil and gas pipeline infrastructure, especially in developing regions. North America is projected to dominate the pipeline security market during the forecast period owing to technological advancements and early adoption by oil and gas industries in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The reason for this is the increasing pipeline projects in China, Turkmenistan, Kazakhstan, and India. In addition, the rise in industrial automation in APAC has accelerated the growth of pipeline safety in this region. Pipeline safety will have extensive growth opportunities in the Middle East owing to the huge infrastructure investments in manufacturing, transportation, and utilities.

The adoption of pipeline safety solutions and services is growing at a high pace in the developing regions, such APAC and MEA. However, lack of allied infrastructure, redundant ICT technology, and lack of awareness about current ICT trends prevent these regions from adopting pipeline safety solutions and services. Moreover, the growing population and political instability in the Middle East act as major restraining factors for the growth of the market. However, increase in pipeline infrastructure across the globe is expected to provide significant growth opportunities in the pipeline safety market.

On a strategic front, many companies are utilizing different growth strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments to increase their share in the market. For instance, in April 2016, Schneider Electric, a French multinational company, entered into a partnership with Berkana Resource Corporation, a global SCADA consulting company to develop a software solution with integral security and compliance support, while ensuring solutions meet the Pipeline and Hazardous Materials Safety Administration regulatory requirements. On the acquisition front, in April 2013, Honeywell acquired RAE Systems, a leading gas detection company. This acquisition would help Honeywell to position its offerings across high-growth regions, as RAE Systems has a strong presence in China. A year earlier, Honeywell acquired Saia-Burgess Controls, a manufacturer of electronic components for automation engineering. This acquisition enhances Honeywell’s intelligent building controls portfolio. It expands Honeywell’s energy controls presence in Austria, Germany, and Switzerland. Some of the major technology vendors include ABB Group, General Electric, Schneider Electric, Huawei Technologies, Senstar, and Accenture.